syrupUSDT Yield: Earn up to 15% APY

syrupUSDT is Maple Finance's yield-bearing USDT token. Yield is generated from fixed-rate, overcollateralized loans to institutional borrowers via the Syrup platform, offering consistent short-duration yield to DeFi lenders.

How the strategy works

This is a max-APY yield loop: syrupUSDT is supplied as collateral and USDT is borrowed against it on Morpho, then recycled back into syrupUSDT to multiply the underlying Institutional Lending yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.

Strategy details

Collateral asset

Syrup USDT (syrupUSDT)

Borrowed asset

USDT

Issuer

Maple

Yield source

Institutional Lending

Underlying

USDT

Category

stable

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

4.71%

Net borrow APY

3.56%

Max leverage

11.4x

Default leverage

10.5x → 15.64% APY

Leverage ladder

1x 4.71% · 2x 5.86% · 3x 7.01% · 4x 8.16% · 5x 9.31% · 6x 10.46% · 7x 11.61% · 8x 12.76% · 9x 13.91% · 10x 15.06% · 11x 16.21% · 11.4x(max) 16.67%

Oracle type

nav

Exit slippage

$100k 0.09% · $500k 0.10% · $1M 0.12% · $5M 18.36% · $10M 58.90%

as-of 2026-09-29T07:25:49.782Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

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